Alibaba launches Wan3.0 video model after $10bn AI fundraising

This story is from 2026-08-24. It is preserved in the archive; the latest stories are on the live feed.

Alibaba released Wan3.0, its 30-second video generation model, days after raising about $10.2bn in a Hong Kong share placement earmarked entirely for AI.

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2026-08-24 09:09 · The Next Web
Alibaba launches Wan3.0, its 30-second video model, days after raising $10bn

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